CAPITAL APPRECIATION LIMITED - Trading Statement

Release Date: 07/05/2018 12:30
Code(s): CTA
 
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Trading Statement

Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA
ISIN: ZAE000208245
(“CAPPREC")


TRADING STATEMENT


CAPPREC wishes to advise shareholders that its audited results for the year ended 31 March 2018 will be
announced on SENS on or about 16 May 2018. These results are CAPPREC’s first audited consolidated
financial results since the acquisition of various “viable asset” subsidiaries and the migration from being
a listed Special Purpose Acquisition Company (SPAC) to a “FinTech” focused, Main Board counter, listed
under the Software and Computer Services sector of the JSE.

The subsidiary acquisitions were only approved by CAPPREC shareholders on 5 May 2017 and,
accordingly, the results for the year ended 31 March 2018 will, inter alia, include only eleven months of
trading associated with these subsidiaries.

In terms of the JSE Listings Requirements, companies are required to provide guidance to the market
when they are satisfied that a reasonable degree of certainty exists that the financial results for the
current reporting period will differ by at least 20% from the results of the previous corresponding
reporting period.

CAPPREC is pleased to report that, notwithstanding the inclusion of only eleven months of trading by
the subsidiaries, we expect Earnings per Share (EPS) and Headline Earnings per Share (HEPS) to increase
by between 186% and 199%, translating into between 9.00 cents and 9.40 cents per share, compared to
3.14 cents per share for the year ended 31 March 2017. In addition to EPS and HEPS, CAPPREC will also
report on Normalised Earnings per Share (NEPS) and Normalised Headline Earnings per Share (NHEPS),
the primary measure used by management to assess CAPPREC’s underlying financial performance. NEPS
and NHEPS comprises EPS adjusted for specific non-cash and non-trading items. We expect NEPS and
NHEPS for the year to be between 9.73 cents and 10.05 cents per share, compared to 3.14 cents per
share for the year ended 31 March 2017.

The financial information on which this trading statement is based has not been reviewed or reported
on by CAPPREC’s external auditors.

Sandton
7 May 2018

Sponsor: Investec Bank Limited

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